Capital One Foundation Inc

Organization Overview

Capital One Foundation Inc is located in Mclean, VA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital One Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Capital One Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Capital One Foundation Inc has awarded 357 individual grants totaling $26,106,789. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

TEACHERS COLLEGE:THE CAPITAL ONE FOUNDATION IS PARTNERING WITH 13 COMMUNITY COLLEGES ("COHORT COLLEGES") ENGAGED IN VARIOUS EFFORTS TO STRENGTHEN CREDIT AND NONCREDIT WORKFORCE PROGRAM ALIGNMENT. WITH GRANT-BASED FUNDING AND GUIDANCE FROM THE FOUNDATION, THE COLLEGES ARE BUILDING UPON PREVIOUS EFFORTS AND EXPERIMENTING WITH INNOVATIVE APPROACHES TO BETTER ALIGNMENT. IN SPRING 2019, THE COMMUNITY COLLEGE RESEARCH CENTER (CCRC) COLLABORATED WITH THE CAPITAL ONE FOUNDATION AND FIVE COHORT COLLEGES TO DESIGN A PROTOTYPE THAT BUILDS COLLEGES' CAPACITIES TO DEVELOP, EVALUATE, AND IMPROVE POLICIES AND PRACTICES GEARED TOWARD ALIGNING CREDIT AND NON-CREDIT PROGRAMS.


RESEARCH FOUNDATION OF CUNY:WITH SUPPORT FROM THE CAPITAL ONE FOUNDATION OVER THE LAST SEVERAL YEARS WE HAVE IMPLEMENTED SEVERAL STRATEGIES TO HELP FURTHER STRENGTHEN THE PROGRAM, INCLUDING: EQUIPMENT AND SOFTWARE UPGRADES; FREE CERTIFICATION BOOT CAMPS FOR CURRENTLY ENROLLED STUDENTS; PARTNERSHIPS WITH A LOCAL NONPROFIT PARTNER, PER SCHOLAS, TO HELP WITH RECRUITMENT EFFORTS; THE AVAILABILITY OF STUDENTS SUPPORTS (I.E. CERTIFICATION TEST VOUCHERS); AND THE ESTABLISHMENT OF A WELL-ROUNDED ADVISORY BOARD THAT INCLUDES EMPLOYERS AND ACADEMICS FROM THE FIELD.


HOSTOS COMMUNITY COLLEGE:THE PROJECT SEEKS TO STRENGTHEN CAREER PATHWAYS AT THE COLLEGE BY BETTER ALIGNING CEWD'S NON-CREDIT OCCUPATIONAL TRAINING PROGRAMS WITH CREDIT-BEARING ACADEMIC DEGREE PROGRAMS. THE LONG-TERM GOAL OF THIS PROJECT IS TO BETTER PREPARE STUDENTS TO ENTER THE COLLEGE AND TO HELP IMPROVE CREDIT ACCUMULATION AND EMPLOYMENT RATES FOR HOSTOS STUDENTS. THE GRANT WILL FACILITATE THE DEVELOPMENT OF NEW CREDIT ARTICULATION AGREEMENTS THAT GIVE CREDIT TO STUDENTS THAT ENROLL IN HOSTOS AFTER SUCCESSFULLY COMPLETING A CEWD OCCUPATIONAL TRAINING PROGRAM IN HIGH-DEMAND FIELDS SUCH AS ALLIED HEALTH AND INFORMATION TECHNOLOGY. THE GRANT ALLOWS US TO PARTNER WITH FACULTY AND ADMINISTRATORS TO DEVELOP STRATEGIES FOR GRANTING CREDIT FOR PRIOR LEARNING, PART OF A BROADER INITIATIVE ACROSS CUNY. THE PROJECT WILL ALSO FOCUS ON DEEPENING CONNECTIONS BETWEEN CEWD AND THE COLLEGE AROUND STUDENT ASSESSMENT AND SUPPORT SERVICES, SO THAT BOTH MATRICULATED AND NON-MATRICULATED STUDENTS RE


DALLAS COUNTY COMMUNITY COLLEGE:THE WORKFORCE DEVELOPMENT PROGRAM OF DCCCD ENCOMPASSES MANY AREAS THAT WORK WITH DALLAS COUNTY ENTITIES TO DELIVER RESEARCH AND INFORMATION FOR CAREER DEVELOPMENT AND JOB SKILLS. OUR LABOR MARKET INTELLIGENCE (LMI) DEPARTMENT PLAYS A VITAL ROLE IN GIVING LEADERSHIP AND WORKFORCE PARTNERS DATA ON THE SKILLS DEMANDS FOR DALLAS COUNTY'S PRIMARY JOB NEEDS. EMPLOYERS AND DCCCD LEADERSHIP DISCUSS LMI INFORMATION WITH WORKFORCE ADVISORY BOARDS INTERNAL AND EXTERNAL OF OUR DISTRICT. MUCH OF THE INFORMATION SHARED COMES FROM THE LMI RESEARCH TEAM FOR MAKING DECISIONS REGARDING PROGRAMS OFFERED AT DCCCD, WHICH ASSIST OUR COUNTY AND AREA WITH EDUCATION AND TRAINING FOR EMPLOYING A SKILLED WORKFORCE. THIS IN TURNS GIVE OUR STUDENTS ACCESS TO LEARNING SKILLS THAT WILL PREPARE THEM TO OBTAIN ECONOMICALLY STABLE JOBS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $633,309
Net Rental Income$0
Net Gain on Sale of Assets $1,046,838
Capital Gain Net Income $1,046,838
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,680,147

Grants Awarded

Over the last fiscal year, Capital One Foundation Inc has awarded $3,000,000 in support to 8 organizations.

Grant RecipientAmount

HARVARD UNIVERSITY

Org PageRecipient Profile

Cambridge, MA

PURPOSE: THE COLLEGE TO CAREER CONNECTION: A RESEARCH AND PRACTICE INITIATIVE

$700,000

EDUCATION FINANCE INSTITUTE

Org PageRecipient Profile

New York, NY

PURPOSE: IMPROVING ADMISSIONS AND RETENTION RATES IN HBCUS THROUGH BEHAVIORALLY INTELLIGENT STUDENT ENGAGEMENT PLATFORM MESSAGING

$650,000

DIGITAL HARBOR FOUNDATION

Org PageRecipient Profile

Baltimore, MD

PURPOSE: LAST MILE EDUCATION FUND

$500,000

BEYOND 12

PURPOSE: MYCOACH 4.0: A DIGITAL COACHING PLATFORM THAT HELPS STUDENTS THRIVE IN COLLEGE AND BEYOND

$300,000

HISPANIC SCHOLARSHIP FUND

Org PageRecipient Profile

Gardena, CA

PURPOSE: HSF COLLEGE 101

$250,000

INSTITUTE FOR EAST AFRICAN COUNCILS ON HIGHER EDUCATION

Org PageRecipient Profile

Washington, DC

PURPOSE: BUILDING INFRASTRUCTURE FOR SUSTAINABILITY

$200,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Capital One Foundation Inc has recieved totaling $502.

Awarding OrganizationAmount
Eskenazi Family Foundation Inc

Indianapolis, IN

PURPOSE: OPERATIONS

$502
View Grant Recipient Profile

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